China Lodging Group (Huazhu), a leading and fast-growing multi-brand hotel group in China, announced it has formed a joint venture with TPG Capital Asia (20% owned by the Company and 80% by TPG ).
Company says it is still going through an administrative approval process, and expects the resort to open in February.
The Chinese conglomerate’s hotel unit plans to raise the number of Carlson hotels by 25% globally in two years.
Chatbots and voice assistants will go mainstream this year. Since 1987, the share of consumer spending on live experiences and events relative to total U.S. consumer spending increased 70%.
It has hired JP Morgan and Benedetto, Gartland & Co to scout for potential buyers.
Some 10,065 star-rated hotels in China reported totaled operating incomes of 53.808 billion yuan in the third quarter of 2017, of which 26.242 billion yuan, or 48.77%, was room revenues.
Consumer technology is the bellwether for enterprise. Are those buzzwords such as AI, VR, 5G, robots, drones, biometrics what we truly want in the future?
MagicStay says it already provides 150,000 apartments in 90 countries since its inception four years ago.
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